Multiemployer funds, PBGC face hurdles with partition

2015-07-16T16:46:36-07:00July 16th, 2015|Categories: PBGC|Tags: , |

Trustees of struggling multiemployer pension funds have a narrow window of opportunity to do more than just cut benefits in order to survive, if they can take advantage of the Pension Benefit Guaranty Corp. partition program before the agency itself runs out of money, benefits experts said. The Multiemployer Pension Reform Act of 2014, which allows deeply underfunded plans to reduce benefits to avoid insolvency, also expanded the PBGC’s power to partition plans. […]